Can't pay Rs 10,000 crore for Roy's bail: Sahara

The court, however, asked Sahara to file its proposal before the Registry.

The hearing will continue in post lunch session.

Roy and the two directors have been in judicial custody since March 4 for not abiding by the apex court's order of depositing Rs 20,000 crore (Rs 200 billion) of investors money with Securities and Exchange Board of India.

Sixty-five-year-old Roy had earlier submitted that the apex court's order for detaining him was illegal and unconstitutional.